ENIP: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ENIP
Largest movements
- Cash +€16,149
up €16,149 (+162.2%), from €9,953 to €26,102
mainly Depreciation (+€9,566) and Net result for the year (+€7,027)
- Tangible fixed assets -€9,566
down €9,566 (-7.2%), from €132,677 to €123,111
of which Land and buildings: -€8,158
- Reserves +€7,027
up €7,027 (+12.4%), from €56,735 to €63,762
of which Distributable reserves: +€7,027
- Gross operating margin +€3,108
up €3,108 (+15.8%), from €19,695 to €22,803
- Depreciation +€914
up €914 (+10.6%), from €8,652 to €9,566
- Taxes +€438
up €438 (+17.8%), from €2,466 to €2,904
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,265 | €150,147 | +€6,881 | +4.8% |
| Fixed assets | 21/28 | €132,677 | €123,111 | -€9,566 | -7.2% |
| Tangible fixed assets | 22/27 | €132,677 | €123,111 | -€9,566 | -7.2% |
| Land and buildings | 22 | €119,099 | €110,940 | -€8,158 | -6.9% |
| Plant, machinery and equipment | 23 | €13,578 | €12,171 | -€1,407 | -10.4% |
| Current assets | 29/58 | €10,588 | €27,035 | +€16,447 | +155.3% |
| Amounts receivable within one year | 40/41 | €34 | €316 | +€281 | +818.6% |
| Other amounts receivable | 41 | €34 | €316 | +€281 | +818.6% |
| Cash at bank and in hand | 54/58 | €9,953 | €26,102 | +€16,149 | +162.2% |
| Deferred charges and accrued income | 490/1 | €600 | €617 | +€17 | +2.8% |
| Total equity and liabilities | 10/49 | €143,265 | €150,147 | +€6,881 | +4.8% |
| Equity | 10/15 | €118,235 | €125,262 | +€7,027 | +5.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €56,735 | €63,762 | +€7,027 | +12.4% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €44,340 | €51,368 | +€7,027 | +15.8% |
| Amounts payable | 17/49 | €25,030 | €24,884 | -€146 | -0.6% |
| Amounts payable within one year | 42/48 | €21,874 | €22,000 | +€125 | +0.6% |
| Trade debts | 44 | €595 | €35 | -€560 | -94.1% |
| Suppliers | 440/4 | €595 | €35 | -€560 | -94.1% |
| Taxes, remuneration and social security | 45 | - | €686 | +€686 | |
| Taxes | 450/3 | - | €686 | +€686 | |
| Other amounts payable | 47/48 | €21,279 | €21,279 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,156 | €2,885 | -€271 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,652 | €9,566 | +€914 | +10.6% |
| Other operating charges | 640/8 | €3,254 | €3,250 | -€4 | -0.1% |
| Gross operating margin | 9900 | €19,695 | €22,803 | +€3,108 | +15.8% |
| Operating profit (loss) | 9901 | €7,789 | €9,988 | +€2,198 | +28.2% |
| Financial charges | 65/66B | €40 | €56 | +€16 | +40.7% |
| Recurring financial charges | 65 | €40 | €56 | +€16 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €7,749 | €9,931 | +€2,182 | +28.2% |
| Income taxes | 67/77 | €2,466 | €2,904 | +€438 | +17.8% |
| Profit (loss) for the period | 9904 | €5,283 | €7,027 | +€1,744 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,283 | €7,027 | +€1,744 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.